Signet Jewelers Q3 EPS Cut by Telsey Advisory Group

Signet Jewelers Limited (NYSE:SIG - Free Report) - Investment analysts at Telsey Advisory Group dropped their Q3 2026 earnings estimates for Signet Jewelers in a report released on Thursday, March 20th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.35. Telsey Advisory Group currently has a "Market Perform" rating and a $55.00 price objective on the stock. The consensus estimate for Signet Jewelers' current full-year earnings is $8.73 per share. Telsey Advisory Group also issued estimates for Signet Jewelers' FY2027 earnings at $9.60 EPS.

Several other equities research analysts have also recently commented on the company. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. UBS Group upped their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Bank of America cut their target price on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their price target on Signet Jewelers from $95.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Signet Jewelers has a consensus rating of "Moderate Buy" and an average target price of $81.60.

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Signet Jewelers Stock Down 2.3 %

Signet Jewelers stock traded down $1.40 during trading hours on Monday, hitting $59.87. The company had a trading volume of 673,502 shares, compared to its average volume of 1,066,283. The firm's fifty day moving average is $54.27 and its 200-day moving average is $78.18. The firm has a market capitalization of $2.60 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

Signet Jewelers (NYSE:SIG - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $6.73 earnings per share. The company's revenue for the quarter was down 5.8% on a year-over-year basis.

Institutional Trading of Signet Jewelers

A number of institutional investors and hedge funds have recently modified their holdings of SIG. Janney Montgomery Scott LLC lifted its position in Signet Jewelers by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,517 shares of the company's stock valued at $526,000 after acquiring an additional 205 shares in the last quarter. Franklin Resources Inc. raised its stake in Signet Jewelers by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock valued at $3,330,000 after acquiring an additional 288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Signet Jewelers by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,498 shares of the company's stock valued at $1,083,000 after purchasing an additional 330 shares during the last quarter. Xponance Inc. grew its position in Signet Jewelers by 12.2% during the fourth quarter. Xponance Inc. now owns 3,149 shares of the company's stock worth $254,000 after buying an additional 343 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Signet Jewelers by 14.5% during the 4th quarter. Atria Investments Inc now owns 2,815 shares of the company's stock worth $227,000 after purchasing an additional 356 shares in the last quarter.

Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now owns 22,752 shares of the company's stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.26% of the stock is currently owned by insiders.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. Signet Jewelers's dividend payout ratio (DPR) is presently -168.42%.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.